HomeMy WebLinkAboutRESOLUTION - 8-79 - 2/13/1979 - TWO LETTERS OF CREDIT RESOLUTION NO. 8-79
A RESOLUTION ACCEPTING EXTENSIONS TO TWO (2) LETTERS OF CREDIT FROM
THE FIRST NATIONAL BANK OF CHICAGO (LETTERS OF CREDIT NUMBER G.T.
4089D AND G.T. 41081)) GUARANTEEING THE CONSTRUCTION OF BISNER ROAD
BETWEEN BIESTERFIELD ROAD AND THE NORTH SIDE OF WINSTON DRIVE _
NOW, THEREFORE, BE IT ORDAINED by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and DuPage, State of
Illinois:
Section 1 . That the President and Board of Trustees- do hereby authorize
the acceptance of:
A. An extension to a Letter of Credit, dated February 7, 1979 and expiring
February 9, 1980, from the First National Bank of Chicago to guarantee
the construction of Bisner Road from Gloucester Drive to the north side
of Winston Drive. Letter of Credit No. G.T. 4089D, in the amount of
$62,000.00.
B. An extension to a Letter of Credit, dated February 7, 1979 and expiring
March 1 , 1980, from the First National Bank of Chicago to guarantee
the construction of Bisner Road from Biesterfield Road to Gloucester
Drive. Letter of Credit No. G.T. 4108D, in the amount of $54,000.00.
Section 2. That the terms of these Letters of Credit will be duly honored
as specified on or before their expiration dates.
Section 3. That Centex Homes, Inc. , shall furnish a Deed of Conveyance and
two year Maintenance Bond upon the completion of construction of Bisner Road.
Section 4. That this resolution shall be in full force and effect from and
after its passage and approval according to law.
PASSED this 13th day of February 1979.
APPROVED this 13th day of February 1979.
Charles J. Zettek
Village President
ATTEST:
Ilafern R. Snick
Acting Village Deputy Clerk
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INTERNATIONAL BANKING DEPARTMENT/IMPORT LETTERS OF CREDIT UNITTwo First National Plaza/Chicago,Illinois 60670 - - - - -
Cable National Chicago Telex 2-53801 " - D"T�E$RUTTR 7j
THIS AMENDMENT IS FORWARDED TO THE - - LSS AMENDMENT NUMBER - 3
ADVISING BANK BY AIRMAIL. - -
_ ISSUING SANK5 NUMBEW ADVISING BANKS NUMBER
Amendment To Documentary Credit
Advising Bank Applicant -
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CENTEX HOMES OF .ILLINOIS INC #
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Beneficiary - -
XX �4[LAGE OF ELK. GROVE _.
e 7�1 WELLI NGTON '- -- - - THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE"ABOVE
e ELK,-GROVE-VILLAGE -"ILLINOIS .60007. .-..VVOO7. .-.. MENTIONED CREDIT AND MUST BE ATTACHED THERETO. -
ATTN :. GARY PARRIN ASST. VILLAGE MGR.
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GENTLEMEN: --
s The above mentioned credit is amended as follows:
' Credit amount increased by: NIA --
a Shipment date extended to:
N/A - ' `+ '
Expiry dale extended to: _ FEBRUARY;9,y ;98`0. S l YrS
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"o YOURS FAITHFULLY
First National Bank of Chicago
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The First National Bank of Chicago OR_ IGINAL1
- --INTERNATIONAL BANKING DEPARTMENT/IMPORT LETTERS OF CREDIT UNIT '- --
Two First National Plaza/Chicago,Illinois 60670 - DATE FEBRUARY 7 . q(�7(�17/ J
- - Cable National Chicago Telex 2-53801
THIS AMENDMENT IS FORWARDED TO THE - '- '-- - 3 -
AowSINGBANK BYAIRMAIL. - .. - AMENDMENT NUMBER
ISSUING BANKY NUMBER - ADVISING SANK NUMBER
Amendment To Documentary Credit
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Advising Bank 4109 Applicant
CEMTEX HOMES OF ILLINOIS INC.
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YftLAGE OF ELK. GROVE THIS AMENDMENT- -
• LJUU WELLINGTON - - IS TO BE CONSIDERED AS PART OF THE ABOVE •-
o ' MENTIONED CREDIT AND MUST BE ATTACHED THERETO. --
ELK, GROVE VILLAGE, ILLINOIS .6OOO7 �'---
- ATTN :. GARY PARRIN- ASST, VILLAGE MGR. - - - - - - `-
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GENTLEMEN: _
s The above mentioned credit is amended as follows:
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Credit amount increased by: N/A - - _-
Shipment date extended to: _ N/A
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U Expiry date extended to: MARCH
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